Innovative Eyewear Balance Sheet Health
Financial Health criteria checks 6/6
Innovative Eyewear has a total shareholder equity of $10.9M and total debt of $0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are $11.6M and $665.9K respectively.
Key information
0%
Debt to equity ratio
US$0
Debt
| Interest coverage ratio | n/a |
| Cash | US$9.44m |
| Equity | US$10.93m |
| Total liabilities | US$665.91k |
| Total assets | US$11.60m |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: LUCY's short term assets ($11.0M) exceed its short term liabilities ($653.0K).
Long Term Liabilities: LUCY's short term assets ($11.0M) exceed its long term liabilities ($13.0K).
Debt to Equity History and Analysis
Debt Level: LUCY is debt free.
Reducing Debt: LUCY had no debt 5 years ago.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LUCY has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LUCY has sufficient cash runway for 1.3 years if free cash flow continues to reduce at historical rates of 55.7% each year.